Welcome to the Saudi Arabia focus edition of Law Update.
One of the key markets in the Middle East and North Africa (MENA) that continues to lead from the front is the Kingdom of Saudi Arabia (KSA). As the largest country in the Middle East and the 18th largest economy in the world, the progress KSA continues to make is underpinned by its Vision 2030 that envisions developing the country as an investment powerhouse and hub that ultimately connects Asia, Europe, and Africa. Given Saudi Arabia’s significance to the regional economy, our team of experts have prepared a range of pertinent articles that provide insights into new laws, regulations, and the legal landscape in the Kingdom.
This edition will provide you with an up-to-date guide on matters such as; the framework issued by the Saudi Central Bank on IT governance, the anti-corruption landscape under Vision 2030; we also provide practical tips for dispute avoidance. This is only a snapshot; there are many more articles within the KSA focus section for you to read, which we hope you will find valuable and enjoyable.Read the edition
From 22nd March 2020, all Wills will be registered virtually, either by virtual registration (for Property Wills, Business Owners Wills and Financial Assets Wills) or video conferencing (for full wills).
For registration of a full will, the Testator, along with their two witnesses, will be required to join a video conferencing call with a WSC Authorised Officer on the date and time confirmed. The link to join the call will be provided by WSC after the appointment has been booked.
During the video conferencing call, the Testator must have their printed Will in front of them. The Authorised Officer will follow the normal procedure of reviewing the Will with the Testator, at which point the Testator and witnesses will then proceed with their signatures on the printed copy of the Will. The signed Will must then be scanned and emailed to the Service Centre for sealing.
The pre-approved Will must be uploaded online already signed by the Testator for the online registration.
An appointment to notarize the Will must be booked and the Testator will be required to join a video conference call with the Notary Public.
During the video conference call, the notary will follow the normal procedure of reviewing the Will with the Testator. After the Will is reviewed, the Testator will receive the notarized Will via mail.
We are strongly encouraging our clients to consider their legacy planning and get in touch with us to prepare their Wills. and get everything ready for peace of mind. Times like these are a good opportunity to take stock, consider loved ones and plan for yours and their future.